Low Income Apartments and Affordable Housing For Rent in Worth County, MO

Discover affordable housing in Worth County where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Sunny Slope Apartments

602 S Lyon St, Grant City, Missouri 64456

Sheridan-Villa

4th and Lincoln Street, Sheridan, Missouri

Crestwood Apartments

206 W 6th St, Grant City, Missouri 64456

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Worth County, Missouri
$15.63/hour
$3.33 (+27%) more than Missouri minimum wage and $8.38 (+116%) more than the Federal minimum wage.
Learn More About Worth County, Missouri Affordable Housing ↓

How many renters live in Worth County, Missouri?

The County of Worth County has 1,982 people living in 773 households.

There are 350 renters living in 155 renter households in this County. Renters make up 17.66 percent of the population living in Worth County.

What is the rental market like in Worth County, Missouri?

There are an estimated 1,120 housing units in the Worth County area. Of these, 187 units are rental homes, making up 17 percent of the housing market. For every renter household in Worth County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Worth County?

The rental vacancy rate in Worth County is 17 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Worth County for each bedroom size?

Occupied Rental Units by Size in Worth County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 70 32 38 9
Occupied Rental Units by Size in Worth County

A large number of apartments in Worth County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Worth County are overburdened by housing costs?

Among renter households in this market, 14 percent have housing cost burden. Further, 8 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Worth County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $622 to $1,259. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $622
One BR $628
Two BR $825
Three BR $1,163
Four BR $1,259
2024 Fair Market Rents in Worth County, Missouri

How many units are rented at Fair Market Rent (FMR) in Worth County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 6 100 percent
One BR 56 80 percent
Two BR 11 34 percent
Rental Units Below FMR in Worth County, Missouri

How many affordable rental units are in Worth County?

There are a variety of federal affordable housing programs serving households in Worth County, Missouri including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Worth County, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Worth County, Missouri

Worth County features 28 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Worth County, Missouri

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Worth County.

Housing Choice Vouchers in Worth County, Missouri

On average, Section 8 Housing Choice vouchers pay Worth County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Worth County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Worth County, Missouri for a two-bedroom apartment is between $743 and $908.

Sourced from federal housing data and AffordableHousingOnline.com research.